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It’s Time for the Banks to Face the Hangman

19 October 2007
It’s Time for the Banks to Face the Hangman by Mike Whitney October 19th, 2007 How can one defend a system that creates wealth by making the majority poor? – Henry C. K. Liu Officials in the Treasury Department — working with their colleagues at Citigroup, J.P. Morgan and Bank of America — have concocted a scheme to rescue the banks from their massive losses in mortgage-backed securities. The group is planning to set up a $100 billion emergency fund that will (...)


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